1331 Emerald Bay Road

Description

Exciting Buildable Opportunity in South Lake Tahoe! This prime highway-frontage parcel offers an exceptional opportunity for development, with approved plans for a 2-story, 4-plex building featuring a dedicated 1-car garage for each unit. Each unit will offer approximately 900 sqft of living space, ideal for comfortable living. Two of the units are permanently designated for moderate-income housing, ensuring long-term stability and community benefit. These units cannot be used as second homes or vacation rentals, providing a unique investment opportunity in an area with high demand for rental properties. Plans for the development have already been approved by the City of South Lake Tahoe and are available upon request. The location offers excellent walkability and bike-ability to local shops, restaurants, and amenities, including The Crossing and the South Tahoe Y. Renderings are provided for marketing purposes and are subject to change, allowing flexibility in design as the project progresses. This is a rare chance to invest in a prime location with a clear path to development!